Along the historical trend of economic reform and structural adjustment,Chinas supply-side structural reform is designed to meet the requirements of new economic era,and possesses multiple properties of market foundation,government guide and microeconomic regulation.The supply-side structural reform should protect and resolve the possible conflict between long-term growth and short-term stabilization effects,and,in carrying out its primary tasks,comprehensively coordinate and balance the fine relationships between capacity cutting and industrialization,between destocking and housing bubble,between deleveraging and debt sustainability,between cost reducing and wage expectation,and between weal links bolstering and infrastructure investment.In cooperation with proactive demand management,Chinas supply-side structural reform would lead the new normal of economic development,and enhance the normalization of economic condition,so as to restore the economic catching-up mode of high saving,high investment and high growth.